PJUL vs. PJAN
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - July (PJUL) and Innovator U.S. Equity Power Buffer ETF - January (PJAN).
PJUL and PJAN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJUL is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index July. It was launched on Aug 8, 2018. PJAN is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect January Series Index. It was launched on Jan 2, 2019. Both PJUL and PJAN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PJUL or PJAN.
Correlation
The correlation between PJUL and PJAN is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PJUL vs. PJAN - Performance Comparison
Key characteristics
PJUL:
2.07
PJAN:
2.52
PJUL:
2.81
PJAN:
3.60
PJUL:
1.42
PJAN:
1.54
PJUL:
2.92
PJAN:
3.73
PJUL:
15.51
PJAN:
20.34
PJUL:
0.83%
PJAN:
0.61%
PJUL:
6.25%
PJAN:
4.95%
PJUL:
-18.17%
PJAN:
-21.25%
PJUL:
-0.46%
PJAN:
-0.49%
Returns By Period
In the year-to-date period, PJUL achieves a 1.50% return, which is significantly higher than PJAN's 1.42% return.
PJUL
1.50%
1.35%
8.17%
12.60%
9.13%
N/A
PJAN
1.42%
1.16%
6.91%
12.08%
8.27%
N/A
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PJUL vs. PJAN - Expense Ratio Comparison
Both PJUL and PJAN have an expense ratio of 0.79%.
Risk-Adjusted Performance
PJUL vs. PJAN — Risk-Adjusted Performance Rank
PJUL
PJAN
PJUL vs. PJAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - July (PJUL) and Innovator U.S. Equity Power Buffer ETF - January (PJAN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PJUL vs. PJAN - Dividend Comparison
Neither PJUL nor PJAN has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
PJUL Innovator U.S. Equity Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.82% |
PJAN Innovator U.S. Equity Power Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PJUL vs. PJAN - Drawdown Comparison
The maximum PJUL drawdown since its inception was -18.17%, smaller than the maximum PJAN drawdown of -21.25%. Use the drawdown chart below to compare losses from any high point for PJUL and PJAN. For additional features, visit the drawdowns tool.
Volatility
PJUL vs. PJAN - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - July (PJUL) is 1.77%, while Innovator U.S. Equity Power Buffer ETF - January (PJAN) has a volatility of 1.94%. This indicates that PJUL experiences smaller price fluctuations and is considered to be less risky than PJAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.